Cheapest Mitsubishi Lancer Evolution Insurance Rates in 2024

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 6, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Key Takeaways

  • USAA has the least expensive car insurance for a Mitsubishi Lancer EVO, at around $65 per month
  • Age, location, and driving history can raise or lower insurance premiums, regardless of the car a driver owns
  • Discounts are available through many car insurance companies for having multiple policies, being a student, or having an anti-theft device on a vehicle

Among the most stylish and powerful sports sedans is the Mitsubishi Lancer Evolution, affectionately termed the “EVO.” Mitsubishi Motors produced Mitsubishi Lancer EVOs from 1992 to 2016. This vehicle is the subject of many online communities, forums, and groups who enjoy modifying it, building it up with heftier parts like turbos and other engine boosters, and discussing its speed and functionality.

While this sedan backs a lot of power and the ability to be modified by enthusiasts, it can be hard to know how much this car will cost in monthly insurance premiums. However, we can help you find the best coverage for the least expensive cost.

Various companies offer full coverage or liability-only insurance for a Mitsubishi Lancer EVO. Some car insurance companies have low monthly premiums that will seem like barely anything at all. Coverage for a Mitsubishi Lancer EVO can cost as little as $65 per month using USAA for liability-only insurance. However, the national average for monthly insurance on this sports sedan is around $130. Many car insurance companies will offer multi-policy, student, or anti-theft device discounts that can reduce monthly premiums.

What is the difference between an automatic and manual car?

Most cars on the market are automatic cars. These cars are much easier to drive and automatically switch gears to keep up with the demands you place on the vehicle. However, a manual car requires the driver to change gears using a gearshift and clutch. While a manual car gives more control to the driver, it can be stressful for new or inexperienced drivers.

The Mitsubishi Lancer EVO comes in automatic and manual versions. Some enthusiasts for this car decide to swap an automatic engine for a manual. While challenging, this engine swap can prevent the need to sell a car or buy a new one.

How much does a Mitsubishi Lancer EVO cost?

The demand for a Mitsubishi Lancer EVO is higher than you might expect. Because many enthusiasts and hobbyists are committed to developing their Mitsubishi Lancer EVOs, parts for this vehicle are often expensive. Additionally, purchasing a used 2015 Mitsubishi Lancer EVO X, 8, or 10 can cost anywhere from $20,000 to $45,000.

eBay Motors, a popular auctioning site on the eBay platform, contains many listings for this sports sedan and its varying models. Some properly maintained models can net a seller as much as $55,000 if the car has a turbo and additional upgrades.

Local varieties of Mitsubishi Lancer EVOs for sale by their owner are likely to cost a similar price as those online, if not more. Unfortunately for prospective buyers, these prices will not decrease for a long time as this sports sedan is in high demand and regarded as one of the best sports sedans in recent years.

Cheapest Car Insurance Rates for a Mitsubishi Lancer EVO Automatic Car

Finding the best insurance for a Mitsubishi Lancer EVO can be difficult, but two car insurance companies beat out the rest in pricing and coverage. The cheapest coverage available will be liability only. However, these companies offer full-coverage insurance for a higher cost.

The average cost for monthly insurance on a Mitsubishi Lancer EVO is around $130. However, this cost can change depending on your age, location, and driving history. Additionally, you may be interested in optional, low-cost coverage packages like GAP insurance and roadside assistance.


USAA has the best price for a Mitsubishi Lancer EVO at around $65 monthly. This cost is for liability-only coverage and may be slightly higher for those in no-fault states. No-fault states require more insurance coverage called personal injury protection, which pays for property damage and bodily injury.

A yearly policy with USAA for insurance coverage on a Mitsubishi Lancer EVO can cost as little as $780.

However, USAA is a banking and financial services company only available to military members, veterans, and direct dependents of military personnel.

State Farm

Insurance coverage with State Farm can keep your Mitsubishi Lancer EVO covered with only $125 per month. A yearly policy with State Farm can be just over $1,500 and offer liability coverage and personal injury protection insurance for those living in a no-fault state.

Insurance premiums may rise depending on the model of the vehicle, however. A 2013 Mitsubishi Lancer EVO, for example, costs around $300 less to cover than a model from 2015.

Consider Optional Coverage

You may wish to purchase optional coverage for roadside assistance or GAP insurance through a car insurance company to keep you and your vehicle covered in an emergency. USAA offers roadside assistance for as little as $20 per year and can offer towing, lockout, and fuel delivery services. USAA is unlike other insurance companies because members are encouraged to use roadside services through them even without roadside assistance coverage. Costs for roadside services through USAA are often cheaper than outsourcing to local companies; USAA will negotiate pricing at a later time.

Other car insurance companies offer roadside assistance and may not require you to have a car insurance policy with them to purchase this additional coverage.

While State Farm does not offer GAP insurance for purchase, you may be eligible for State Farm’s Payoff Protector program if you received a car loan from State Farm Bank. This program is an alternative to GAP insurance and can help you pay off a car loan on a totaled or stolen vehicle.

GAP insurance usually costs less than $10 per month.

Anti-Theft Devices Can Lower Premiums

Many car insurance companies will offer discounts for installing an anti-theft device on or within your vehicle. Because a Mitsubishi Lancer EVO is a sports sedan, many versions may have come with security or passive disabling systems already installed at the manufacturing facility. However, installing additional anti-theft devices may net you some savings on monthly premiums.

Anti-theft devices include standard security alarms and passive disabling systems. Brake locks or steering wheel locks can discourage theft, as well.

A passive disabling system prevents a car from starting or turning on unless a vehicle has been activated using a remote key fob. Most late makes and models come with a passive disabling system built into the car.

Additional methods of protection include locks for steering and brakes. A brake lock will prevent a car’s brakes from working, and a steering lock will prevent a thief from steering a vehicle properly. Both devices will discourage thieves from even attempting to steal a car.

Another vital anti-theft device is a catalytic converter cage. A catalytic converter is a portion of the vehicle attached to its undercarriage. This part of a car converts harmful emissions into harmless gasses and thus prevents critical atmospheric components from deteriorating. However, thieves target catalytic converters because they contain small amounts of expensive and precious metals. Thieves will often take many catalytic converters, remove the metals, and grind them up until they have enough of that metal to sell for a high price.

A Mitsubishi Lancer EVO Can Have Inexpensive Coverage

Whether you have a manual or an automatic Mitsubishi Lancer EVO or one kitted-out with the latest engine-boosting technology, you can get a competitive price on car insurance coverage. Alongside discounted rates for being a student or having an anti-theft device, some insurance companies will offer cheap monthly rates.

You may see your premiums rise above the national average depending on your age, location, and driving record. However, those with a history of little or no traffic violations or incidents may receive rates very close to the average price or lower.

Choosing between full coverage and minimal coverage can be a difficult choice. However, safe drivers can experience lower premiums from choosing liability only or the minimum required in their state. Residents of the 12 no-fault states may pay a slightly higher price because of personal injury protection coverage but reap the benefits of quicker insurance payouts and less frequent traffic-related legal proceedings.

Frequently Asked Questions

How can I find the cheapest insurance rates for my Mitsubishi Lancer Evolution?

To find the cheapest insurance rates for your Mitsubishi Lancer Evolution, consider the following steps:

  1. Shop around: Obtain quotes from multiple insurance companies to compare rates. Different insurers may offer different prices based on their underwriting criteria.
  2. Maintain a good driving record: A clean driving record with no accidents or traffic violations can help you secure lower insurance premiums.
  3. Increase deductibles: Opting for higher deductibles can lower your insurance premium. However, ensure you can afford the deductible amount in case of a claim.
  4. Consider discounts: Inquire about any available discounts such as safe driver discounts, bundled policies, or discounts for safety features installed in your Mitsubishi Lancer Evolution.
  5. Evaluate coverage options: Review your coverage needs and consider opting for the minimum required coverage if it aligns with your circumstances. However, ensure you have adequate coverage to protect yourself and your vehicle.
  6. Drive less: Some insurance companies offer lower rates if you drive fewer miles. If you have a low annual mileage, inquire about any low-mileage discounts available.

Are certain model years of the Mitsubishi Lancer Evolution more expensive to insure than others?

Insurance rates can vary based on various factors, including the specific model year of the Mitsubishi Lancer Evolution. Generally, newer model years may have higher insurance premiums due to their higher market value and repair costs. Additionally, the performance and speed of the Lancer Evolution can influence insurance rates, as faster and more powerful models may be associated with higher risks. It’s advisable to check with insurance providers or obtain quotes for different model years of the Mitsubishi Lancer Evolution to compare potential insurance costs.

Do modifications or aftermarket accessories affect insurance rates for the Mitsubishi Lancer Evolution?

Yes, modifications or aftermarket accessories on your Mitsubishi Lancer Evolution can impact insurance rates. Additional accessories, such as performance enhancements, aftermarket body kits, or upgraded audio systems, may increase the value of your vehicle and potentially lead to higher insurance premiums. Moreover, modifications that alter the performance or safety features of your Lancer Evolution can also affect rates. It’s important to inform your insurance provider about any modifications or accessories to ensure they are appropriately covered.

Can my location affect the insurance rates for my Mitsubishi Lancer Evolution?

Yes, your location can influence your Mitsubishi Lancer Evolution’s insurance rates. Factors such as the local crime rate, frequency of accidents, and prevalence of severe weather conditions in your area can impact insurance premiums. If you live in an area with a high incidence of auto theft or accidents, your insurance rates may be higher. Similarly, regions prone to natural disasters like hurricanes or hailstorms may have higher insurance costs. It’s advisable to check with local insurance providers or obtain quotes specific to your location.

Does my credit score affect Mitsubishi Lancer Evolution insurance rates?

In some jurisdictions, your credit score may be taken into account when determining insurance rates, including rates for your Mitsubishi Lancer Evolution. Insurance companies use credit information as one of many factors to assess risk. A higher credit score is generally associated with lower insurance premiums. It’s recommended to review your credit report regularly, correct any errors, and maintain a good credit score to potentially qualify for better insurance rates.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

You May Also Enjoy These Articles